Many thanks to Daniel Dima Batsalkin for this article. I found it on his site and asked his permission to re-post it here.
Have you thought about getting that bigger, better house in a better neighborhood? Well, I agree with Daniel that now is the best time. Prices are down and extremely negotiable, selection is huge, and interest rates cannot possibly stay this low for much longer.
Many people are concerned that they will loose money on their current home if they sell now. Daniel will tell you what’s wrong with that argument. I add to his comment that you may want to consider renting your current home rather than selling it. My husband and I just traded up in a big way over the summer. Rather than take a loss in this market on the home we were leaving, we signed a lease option agreement with people who could not qualify at this time for a loan. The profit we’re making there helps to offset the increase in our new house payment. There are always options.
If you don’t know what your options are, ask me here!
And now, enjoy Daniel’s post:
















